Pacifica completes the acquisition of a 15-unit senior living portfolio

San Diego-based private equity firm Pacifica Companies, LLC completed the acquisition of a 15-community senior housing portfolio from Retirement Housing Foundation for $180,500,000. The acquisition took place in phases, with various segments closing in phases at the end of 2022, 2023 and the first quarter of 2024.

Investment bank Ziegler acted as sales advisor to RHF on the sale. The portfolio, spanning six states, including seven properties in California, consisted of 3,200 market-rate independent living units, 850 assisted living, memory care and 563 skilled nursing beds.

The portfolio represented the majority of RHF’s market-based senior housing and post-acute care presence. Stuart Hartman, president and CEO of Long Beach-based RHF, said, “The sale of the communities was bittersweet. As a long-time operator of residential and healthcare communities, we will miss serving the residents in the communities we have sold. At the same time, we are excited to focus on our affordable housing development, acquisitions and operations, targeting limited-income seniors, people with disabilities and families.”

Pictured: Pioneer House, Sacramento.